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Legal suite

$899,000

5667 Carrington Rd

Beds

Baths

Sqft

—

Year

1993

Location

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About this home

4-bedroom + den home with a legal suite in desirable North Nanaimo. The main level offers a bright, spacious living room with a gas fireplace, a formal dining area, and a functional kitchen with stainless appliances, a breakfast nook, and an adjoining family room featuring a second gas fireplace. A deck off the kitchen provides access to the fully fenced backyard with fruit trees. An additional bedroom above the garage, plus a den and storage room, complete the main portion of the home. The lower level includes a large one-bedroom legal suite with a separate entrance and its own washer and dryer—ideal for extended family or as a mortgage helper. Situated on a generous lot within walking distance to Randerson Ridge Elementary, Dover Bay Secondary, amenities and recreation, this home offers both comfort and convenience in one of Nanaimo’s most sought-after neighbourhoods. (id:65958)

Subtype: Single Family
Structure: House
Community: North Nanaimo
Common interest: Freehold
Living area: 3,149 square feet
Lot size: 7,933 square feet
Lot dimensions: 7933
Parking: 4 total
Fireplace: 2
On market: Mar 1, 2026
Status changed: Apr 16, 2026
Annual tax: $6,717
Zoning: Residential
Photos: 43
MLS#: 1027355
Area: NANAIMO

Features and systems

Appliances

WasherRefrigeratorRange - ElectricDryer

Heating

Baseboard heatersForced airElectricNatural gas

Cooling

None

Lot

Central locationOther

Negative cash flow ~$898/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-5.99%

Cap rate

4.69%

GRM

13.9

Break-even rent

$6,345

Financing

Down payment$179,800

Loan amount$719,200

Mortgage$4,412/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$412

Insurance$80

Maintenance$749

CapEx reserve$375

Vacancy loss$270

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Nanaimo. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $4,412/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 16, 2026.